In Q4 of 2020, YfDFI Finance injected the staking platform fee of over $60k USD back into the community in collaboration with Ferrum Network. It also included the re-charging of the Gigs and Rewards Wallet. Furthermore, YfDFI is trying to develop a circular economy. The reinjection of staking fees is their attempt to establish the same. Once YfDFI has developed all the products, the token holders will regularly receive redistribution of fees they have paid in the network.
Special Staking event details
According to the official blog, this event has nothing to do with the existing YfDFI staking platform. Furthermore, the staking platform will be available on https://yfdfi.finance/yfd-ferrum starting today. It will be live till 23 January 2021 and will offer a 10% weekly interest as a staking reward. Moreover, the locking period will start on 6 January and will end on 23 January.
The staking caps at 500 YFD and the participants can stake a minimum of 1 YFD and a maximum of 30 YFD.
New DeFi safety measure with xProject
YfDFI finance has partnered with xProject and will use its AI-based product xGauge to introduce new safety measures to DeFi. Basically, xGauge beta is an AI-based contract validator. It will scan YFD’s v1.0 contracts for quality assurance.
Furthermore, this collaboration will ensure that YFD’s v1.0 contracts are secure. Additionally, the authenticity of xGuage in dynamic contract validation will be established. According to the official blog, xProject and its suite products will be listed on DFI.Exchange (YFD’s DEX) and DFI.Swap (YFD’s Swap). Both of these are primed for launch in Q1 2021.
YFD Price
YFD, the native YfDFI finance token is currently trading at #318.85. It was initially launched as a zero-value token and in the last 30 days has pumped over 30%.
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